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Nuffnang

Sunday, April 13, 2008

THE road to success has been much longer and bumpier than its founders anticipated, but oil and gas consultancy RNZ Integrated (M) Sdn Bhd has proven that one need not depend on big corporations to succeed.

Managing director Rozali Ahmad said that unlike some of its peers in the oil and gas business, RNZ started operations with full local capabilities.

“We started from scratch,” he told Business Times.

Rozali, who owns two-thirds of the company, established the group in 1993 with Zulkfley Mansor and Suhaimi Deraman with a start-up capital of RM100,000.Today, the company has a staff strength of 500 qualified technical personnel, including 50 expatriate eng ineers.

It sees its order book swelling to RM200 million from the current RM150 million as it tenders for projects worth RM200 million.

“So far, we have design jobs at hand of about RM150 million that will last us for a year. On top of that, we are actively tendering for RM300 million worth of jobs, of which 40 per cent are targeted from the overseas market,” Rozali said.

“Based on previous success rate of around 25 per cent, we anticipate that we will be able to top up our order book to RM200 million soon,” he added.

The company has also secured design work for Topaz Development offshore Vietnam and Phase 1 Development of JDA Block B17 fields in Malaysian and Thai waters.

With a high-potential development in deepwater oil and gas project, RNZ moved its strategy to be in line with national oil company Petroliam Nasional Bhd’s (Petronas) objectives to develop local expertise.

“In supporting Petronas’ vision of making Malaysia the regional hub for deepwater centres, we have forged ahead to gain and share the expertise with Doris,” he added.

Considered as the third largest oil and gas consultant after Technip Geoproduction (M) Sdn Bhd and Ranhill Worley Sdn Bhd, RNZ is a 100 per cent Bumiputera company, licensed by Petronas to undertake all design services projects.

RNZ is planning for a listing in the near future.

“By then, we would also want to diversify our business to related oil and gas industries such as manufacturing of one complete process systems,” Rozali said